William Hill Will Close 700 Betting Shops

William Hill to close 700 stores.
Up to 4,500 jobs in the United Kingdom could be lost.
The announcement comes after the UK government slashed the maximum stake on Fixed Odds Betting Terminals to £2.
According to Business Insider, the terminals are known as the "crack cocaine" of gambling.
They had led to an explosion of betting shops on British high streets.
Campaigners welcomed the closures, while unions called for jobs to be protected.